Aseem Chawla, a partner and tax head of Phoenix Legal, has left to revive the firm that he founded in August 2016.
Chawla had merged his tax boutique, ASC Legal, with Phoenix in March 2017. The merger, which happened in the run-up to the introduction of a nationwide goods and services tax in India, had been expected to broaden and deepen Phoenix’s tax practice.
Chawla told India Business Law Journal that after his association with Phoenix Legal ended, he had revived ASC Legal. “The imperatives of my tax practice and the focus of the firm necessitated that we remain a boutique firm,” he said.
Abhishek Saxena, a partner at Phoenix Legal’s Delhi office, said Chawla “had ventured out on his own as of 1 June and we wish him good luck”.
ASC Legal has eight lawyers and an office in Delhi.
Phoenix Legal has 15 partners, around 80 lawyers, and offices in Delhi, Mumbai and Chennai.